Enverus, an energy-dedicated SaaS company that leverages generative AI across its solutions, has released on Aug. 27 a list of top drillers and customer rankings in the United States, as well as detailed drilling rig analytics. Included in the release is a compilation of exclusive tables showing the most active drillers by footage, ranking both the […]
Global IoT to Surpass $1.5T by 2029
The Internet of Things (IoT) has become a fundamental component of modern technology. According to an Aug. 30 notice from Stocklytics.com, the global IoT market is expected to earn $1.5 trillion in revenue by 2029. As the site’s financial analyst, Edith Reads, observes: “The demand for more technological advancements, widespread industry adoption, and a growing […]
Portrait of a Roustabout
A roustabout is, in some ways, the essence of what the oil patch is all about. Sometimes confused by the public as a roughneck, a roustabout is generally thought of as just a less-skilled oilfield hand than a roughneck, but the fact is, their occupations are different. Roughnecks work on the rig floor, in proximity […]
BP Wind Energy to sell U.S. onshore wind energy assets in seven states
BP said last week it will sell its 10 wind energy onshore assets across seven U.S. states. William Lin, BP executive vice president for gas and low carbon energy, told NBC News, “We believe the business is likely to be of greater value for another owner.” BP Wind Energy assets have total net generating capacity […]
Atrisco solar farm in New Mexico begins commercial operation
Atrisco solar farm in New Mexico, developed and built by a subsidiary of Enlight Renewable Energy, started commercial operation recently. Enlight’s largest project to date, the Atrisco complex is comprised of solar arrays and a battery energy storage near Albuquerque delivered by subsidiary Clenera Holdings. The 364-megawatt solar farm is expected to reach full commercial […]
Diamondback, Kinetik increase ownership in EPIC crude pipeline
Midland’s Diamondback Energy, in partnership with Kinetik Holdings, said Tuesday it is boosting its takeaway capacity and ownership stake in EPIC crude pipeline. Diamondback and Kinetik acquired a 30 percent equity interest in EPIC Crude Holdings; each now owns 27.5 percent of EPIC Crude. EPIC Midstream continues to own the other 45 percent equity interest […]
A Delaware Deal, Dissected
Consolidation and asset rationalization continue to change the landscape in the Permian Basin. Among the winners is Permian Resources (PR), which just bought nearly 30k net acres in the Delaware Basin from Occidental Petroleum (OXY) for $817.5 million or just over $27k per acre. Occidental was looking to sell assets in order to pay down […]
Jacam Catalyst completes another expansion at headquarters in Gardendale
Oilfield chemical company Jacam Catalyst recently completed another expansion to grow to 65 acres and 90,000 square feet at its headquarters in Gardendale. The latest addition was 18,000 square feet. “This is a testament to our company’s increasing footprint and our ability to deliver top-notch, cost-effective products to our loyal customers,” Vern Disney, president, said. […]
Permian Basin, Texas add drilling rigs in past week while U.S. count declines
The counts of drilling rigs in Permian Basin and Texas increased in the past week despite a decline for the fifth time in the last six weeks in U.S. Baker Hughes said as of Sept. 20 there were 307 rigs in Permian Basin (up 1 from 306 week ago, down 10 from 317 year ago) […]
Permian oil production to grow in 4Q in addition to natural gas after Matterhorn
East Daley Analytics said recently oil production in Permian Basin is primed to grow in 4Q along with natural gas production after the scheduled startup of Matterhorn Express gas pipeline this month. East Daley Analytics expects Matterhorn to begin operations between Sept 15 and Oct. 1 with capacity of 2.5 billion cfd from Waha in […]
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